Stressed MSMEs

Here is what to Expect from Upcoming Monsoon Session of Parliament

The Monsoon Session of Parliament is scheduled to start on July 19th, and there are 17 bills expected to get discussed in this session. Out of all, Insolvency and Bank­ruptcy Code (IBC) — replacing the Ordinance enabling prepackaged resolution schemes for micro, small, and medium enterprises (MSMEs) is a major bill for Indian MSMEs. This bill is expectecd tp allow corporate debtors to propose a resolution plan for the stressed company.